by Denise Deverelle | Aug 2, 2021 | budget, conservation, litigation, NOI, utility expense management
It’s budget season. Did you know there are some very common mistakes that can destroy your NOI for the whole year? Now is the time to change these NOI-busting habits:1. Don’t flat-rate bill for utilities. Save as much as 20% by fairly allocating usage to...
by Denise Deverelle | Jun 15, 2021 | multifamily management, NOI, ratio utility billing systems
We hope by now, you understand the benefits of charging residents for their utility usage. It’s great for your NOI and is guaranteed to reduce waste. Leaks will get reported faster, which can reduce the amount of water damage that occurs.Assuming you’re...
by Denise Deverelle | Sep 2, 2020 | conservation, multifamily management, NOI, ratio utility billing systems
How to Calculate and Decrease the Cap Rate on Your Multifamily Asset Kate Forsyth, Regional Sales Manager The financial market has changed drastically in the past year due to Covid-19 with an emphasis on less speculative valuing of investment properties and more...
by Denise Deverelle | May 5, 2020 | NOI, pandemic, ratio utility billing systems
Well, 2020 has certainly been a wild ride so far. We started the year with significant utility rate increases in almost every state. I monitor these for our customers and some days could barely keep up with all of the water, sewer, gas, and electric rate hikes. As if...
by Denise Deverelle | Apr 20, 2020 | amenities, multifamily management, NOI, ratio utility billing systems
Our industry has certainly faced some challenges recently. Late last year, California passed statewide rent control. We also saw a lot of water, gas, and electric rate hikes at the beginning of 2020. Then the pandemic landed on our doorstep, and nearly 22 million...
by Denise Deverelle | Jan 20, 2020 | conservation, multifamily management, NOI, rental trends
We’ve seen some colossal utility rate increases proposed and implemented across the country in the last few months. Costs for repairing and expanding aging infrastructures are often miscalculated, resulting in giant utility rate proposals to modernize systems. In some...
Recent Comments